Why is Tirupati Tyres falling/rising?

As of 24-Sep, Tirupati Tyres Ltd is currently priced at 9.87, reflecting an increase of 0.05 or 0.51%. The stock has shown a trend reversal by gaining after three consecutive days of decline, and it has outperformed its sector by 1.62% today. However, despite this short-term gain, the stock has experienced a significant decline of 48.75% over the past year and 59.30% over the last three years. The company reported its highest quarterly profit after tax of Rs 0.68 crore in June 2025, but it faces challenges with operating losses and a weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio of 0.24 and a low return on equity of 2.9.
In the broader market context, the stock's performance over the past week shows a decline of 1.00%, which is slightly better than the benchmark Sensex's drop of 1.18%. While the stock has been liquid enough for trading, the delivery volume has decreased by 31.57% compared to the five-day average, indicating falling investor participation. The stock's long-term performance remains concerning, as it has underperformed the BSE500 over various time frames, and it is trading at a premium compared to its peers, which suggests that investors may be cautious about its valuation amidst ongoing operational challenges.